Governments of the world that declared war on Bitcoin

in bitcoin •  7 years ago 

According to digital security expert John McAfee, the governments of the world have started a war against cryptones, since they feel threatened because they can not control them in the same way that they control fiat money.

The statements were given at the first global event on blockchain technology in Hong Kong, adding that governments are looking at ways to curb the ability of bitcoin and other cryptones to facilitate the flow of funds worldwide.
Today will go down in history as the beginning of the war between the enthusiasts of the criptomonedas and the governments of the world

John McAfee
CEO, MGT Capital Investments
McAfee told the South China Morning Post, referring to recent conflicts between governments and people who support the development of digital currencies, whom he calls "fugitives."

He also said that "if governments are not able to know what the movement will be unable to perceive profits. That will cause panic in some countries. China is already seeing it. "

It refers in particular to the actions taken by the central government of China, which during this month has banned the Initial Currency Offers (ICO) and has gradually closed all exchange houses established in the country.

Two of China's biggest exchange houses, OKCoin and Huobi, issued statements on Friday night saying they would cut all transactions between bitcoin and yuan by Oct. 31. For its part, BTC China, the Shanghai-based exchange house, reported the previous day that it would not conduct further transactions after 30 September.
Aurélien Menant, founder and chief executive of Gatecoin, a Hong Kong-based exchange house, told the media:
Transactions in Japan, Korea, the United States and Hong Kong now dominate the cryptong currencies exchange activities after major restrictions were imposed on Chinese exchanges in January. Most currency sales and blockchain technology developments have had and continue to take place outside of China, and large mining operations in Russia, Europe and the United States have emerged to challenge Chinese colleagues.

Aurélien Menant
CEO, Gatecoin
The regulatory status of cryptomonedas is very varied around the world and, although some countries are closed to the technology, like China and Australia, others open their doors, like Malaysia, Russia or Korea.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Freedom always win in the end... it can be a struggle at first but eventually the supply and demand market will dictate it, the lure of profit is just so huge and so there goes banning. They may try to regulate but not ban after all.

Of course, personally I think it was possible to stop it before, now it's the future.

I agree, Bitcoin is here to stay.

I find it funny that Jamie Dimons fraud comment, singling out North Korea and Venezuela comes weeks before the travel ban by Trump
#WarOnBTC

always the rascals accuse of what they are

Good article, followed and upvoted!

I think it is more like they are squirming in their seats right now. The powerful never want to lose that power. In V for Vendetta, "Let them not forget why they need us!" And the FUD, oh the FUD. Made up..... hmmm

in this time they can no longer win the systems, the union of nations has allowed this

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by marianneaviva from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.